Altice USA, Inc. (ATUS) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Altice USA, Inc. due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to show earnings of $0.02 per share, reflecting a significant year-over-year decrease of 86.7%. Revenues are projected at $2.24 billion, down 3.3% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Altice USA is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +66.67%, indicating a bullish outlook from analysts [10]. Historical Performance - In the last reported quarter, Altice USA had an expected EPS of $0.08 but delivered only $0.03, resulting in a surprise of -62.50%. Over the last four quarters, the company has only beaten consensus EPS estimates once [12][13]. Investment Considerations - While Altice USA is seen as a potential earnings-beat candidate, other factors may influence stock performance, and investors are advised to consider the Earnings ESP and Zacks Rank before making investment decisions [14][16].